Petro Matad Limited (OTCMKTS:PRTDF) Short Interest Down 92.8% in March

Petro Matad Limited (OTCMKTS:PRTDF) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 12,400 shares, a drop of 92.8% from the March 15th total of 172,000 shares. Based on an average daily volume of 29,900 shares, the days-to-cover ratio is currently 0.4 days.

Petro Matad Price Performance

Shares of OTCMKTS PRTDF remained flat at $0.00 during mid-day trading on Tuesday. Petro Matad has a 1 year low of $0.00 and a 1 year high of $0.06. The company’s 50-day moving average price is $0.02 and its two-hundred day moving average price is $0.03.

Petro Matad Company Profile

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. It holds 100% interests in production sharing contract blocks, including Ongi Block V that covers an area of approximately 7,937 square kilometers; and Matad Block XX that consists of an area of approximately 218 square kilometers in Mongolia.